BEIJING, Feb. 28, 2026 /PRNewswire/ — A news report from China.org.cn on Chinese economy:

The year 2026 marks the beginning of China’s 15th Five-Year Plan period (2026-2030). To achieve a strong and stable start, China’s economy relies on its powerful domestic growth drivers, as well as its unique systematic advantages.

In today’s world, the scarcest resource is the market. China, with its 1.4 billion people and the world’s most complete industrial system, is steadily reinforcing its unified national market, catalyzing the country’s economic development. In the Yangtze River Delta, a new energy vehicle (NEV) manufacturer can quickly secure all necessary components — from battery materials in Ningde to smart screens in Shanghai — within just four hours. In the Beijing–Tianjin–Hebei region, manufacturing materials can also be swiftly reallocated and dispatched via land ports, despite administrative boundaries. Across China, authorities are accelerating efforts to break down administrative barriers and facilitate the free flow of economic resources, enabling optimal resource allocation for more industries nationwide. The organic integration of the unified national market is a vivid embodiment of China’s economic resilience and strength.

The consumption engine continues to gather momentum, injecting renewed vitality that supports the long-term strength of the Chinese economy. China is home to the world’s largest middle-income group and an enormous domestic consumer market with immense potential. In the past year, domestic demand contributed over 67% of China’s GDP growth. Buoyed by the consumer goods trade-in program, retail turnover for home appliances and communication devices have both surpassed the one trillion yuan mark. Trendy toy IPs continue to gain traction, micro-dramas have risen rapidly, and a single performance can make an entire city go viral. Such new types of service-oriented consumption centered on new scenarios, business formats and operating models are emerging as potential fresh growth drivers for China’s consumption market. As consumption upgrading gathers pace, it is also steadily shouldering the main responsibility for driving China’s economic growth.

More targeted investment is delivering greater efficiency. As one of the three drivers of economic growth, investment in China has shifted from a broad “flood-style” approach to targeted measures that aim to bolster weak links. For example, new infrastructure projects like the national computing power hubs have been rolled out and generated tangible results; livelihood-focused investments such as the renovation of old residential communities and the construction of social-security housing have brought warmth to many; investments in manufacturing technological upgrading have consistently improved productivity among traditional industries. By directing investment towards the real economy, improvements to well-being and industry upgrading, China is not only stimulating economic growth in the present, but also building momentum for the long term, ensuring that every yuan invested delivers maximum impact.

The momentum of technological innovation is picking up pace, becoming a new engine that spurs development. China’s core AI industry has exceeded 1 trillion yuan, with “AI+” business formats mushrooming in industrial and commercial sectors. China’s NEV production and sales have ranked first globally for 11 consecutive years; cutting-edge technologies like gene editing and cell therapy have provided new solutions for treating complex diseases. The new system for mobilizing resources nationwide has helped break through key technological bottlenecks, and fruits of technological innovation are rapidly moving from the lab onto production lines, fueling economic development with a steady surge of new momentum.

From the scale advantage of a unified national market to the domestic vitality of consumption, and from the effective boost of targeted investments to the core drive of technological innovation, the intrinsic forces propelling China’s economy are going from strength to strength, with the country’s systematic advantages becoming ever more pronounced. These forces empower one another, creating a powerful synergy that makes a solid start to the 15th Five-Year Plan not only a clear target, but also an inevitable outcome.

Well-grounded Confidence! How China’s domestic growth drivers propel a strong start to its 15th Five-Year Plan 
http://www.china.org.cn/video/2026-02/28/content_118351275.shtml
China Mosaic 
http://chinamosaic.china.com.cn/

SINGAPORE, Feb. 28, 2026 /PRNewswire/ — MetaOptics Ltd (Catalist: 9MT) (“MetaOptics” or the “Company”, and together with its subsidiaries, the “Group”) which listed recently in September 2025, is pleased to announce its inaugural financial results for the financial year ended 31 December 2025 (“FY2025“).

The Company delivered significant year-on-year increase in revenue by 891% to S$0.8 million in FY2025, primarily due to delivery of a direct laser writer to a customer in Taiwan, as announced by the Company on 24 September 2025, enabling metalens prototyping and fabrication in the region’s semiconductor supply chain, as well as higher sales of metalenses and modules to customers globally, to facilitate customers’ evaluation of metalens solutions and integration into their applications.

The net loss for FY2025 of S$5.4 million was primarily attributable to the following areas:

(i) Expenses incurred as the Group seeks platforms for growth. One-off professional fees of approximately S$2.4 million was incurred in FY2025, in connection with the Company’s listing on Catalist of the SGX-ST in September 2025, and the proposed dual listing of the Company on the NASDAQ stock exchange as announced on 17 November 2025;

(ii) Approximately S$1 million in non-cash expenses including finance expenses and depreciation and amortisation; and

(iii) Enhanced research and development efforts. Research and development expenses of approximately S$1.8 million was incurred in FY2025 in connection with and to drive new product launches, including the launch of the Group’s latest proprietary metalens-powered consumer electronics prototypes and generation-2 products at the recently held CES 2026, which are expected to further strengthen the Group’s competitive position, in view of the strong customer feedback and traction.

Positioning the Group for growth

As part of its succession planning and strategic expansion plans, the Group has also appointed Mr Aloysius Chua Hao Peng (“Aloysius“) as Executive Director and Chief Executive Officer, to further drive and lead strategic initiatives and growth of the Group’s 4 business groups encompassing:

(i) Metalens equipment
– Focuses on the sale of advanced metalens production machines, including the direct laser writer, metalens automatic tester, and metalens automatic assembler

(ii) Metalens foundry
– Manufacturing and fabrication of customised metalenses, including in the United States as a strategic growth base, enabling the Group to provide its metalens design & manufacturing expertise to world class clients and partners across the United States in the fields of 5G smart phones, data communications, data centres, fiber optics, AI semiconductor manufacturing, and consumer electronics

(iii) Metalens products
– Design and development of the IoT powered products specifically the metalens 5G smartphone, pico projectors, and smart glasses incorporating metalens with 3D gesture recognition

(iv) MetaOptics artificial intelligence (“AI”)
– Development of 3D biometric, gesture recognition, imaging and IoT algorithms to optimise the implementation and performance of metalens technology

Mr Thng Chong Kim, as Executive Chairman, continues to oversee management performance, strategic planning and business development, including the recent expansion to the United States with the recent incorporation of the subsidiary in the United States, and membership in Stanford Engineering’s SystemX Alliance program, supporting the Group’s strategy to deliver high-performance metaoptics solutions to customers across North America.

The Group remains well-capitalised, with a cash balance of approximately S$2.9 million and S$4.8 million unutilised from the net proceeds raised in connection with the IPO and placement exercise undertaken in December 2025, respectively, providing a strong cash base totalling S$8.8 million allowing the Group to execute its commercial rollout globally and support customers’ requirements with high performance metalens solutions.

By Order of the Board

Thng Chong Kim
Executive Chairman
28 February 2026

About MetaOptics Ltd

MetaOptics Ltd (Catalist: 9MT) is a leading-edge semiconductor optics company pioneering glass-based metalens solutions enhanced by AI-driven image processing. Using advanced optical design and a scalable 12-inch DUV lithography process, it powers next-generation applications in CPO, mobile, AR VR, automotive and other emerging markets. Headquartered in Singapore, MetaOptics aims to deliver high-performance optics with the reliability and scalability demanded by today’s most innovative technology brands. Find out more at www.metaoptics.sg.

SHIJIAZHUANG, China, Feb. 28, 2026 /PRNewswire/ — A News Report from Great Wall New Media: 

As the Milano–Cortina 2026 Winter Olympics drew to a close in the early hours of February 23, Beijing time, the Olympic flame was extinguished on the Apennine Peninsula, marking the end of the 25th Winter Games.

For host cities, the Olympic spotlight marks not an endpoint, but the starting line of a new journey. Post-Games legacy utilization—among the most pressing challenges facing Olympic venues worldwide—now awaits Milan’s response.

At this moment, our gaze turns from Italy to China. Chongli, host district of the 2022 Winter Games, has transformed into a premier ice-and-snow destination, drawing over ten million visitors annually. What powers this post-Games success? And what lessons might it hold for the world?

Viewing Chongli through a Milan lens: this is a dialogue across eras and continents—a meditation on how Winter Olympic legacy endures. Long after the flame is extinguished, the true answer is only beginning to reveal itself.